GDP means Gross Domestic Product. In exams remember GDP as production within domestic territory.
Step 2
Why this answer is correct
The correct answer is A. सकल घरेलू उत्पाद / Gross Domestic Product. GDP means Gross Domestic Product. In exams remember GDP as production within domestic territory.
Step 3
Exam Tip
GDP का अर्थ सकल घरेलू उत्पाद होता है। परीक्षा में GDP को घरेलू क्षेत्र में उत्पादन से जोड़कर याद रखें।
GDP measures production within the domestic territory of a country. Pay special attention to the term domestic territory in exams.
Step 2
Why this answer is correct
The correct answer is A. घरेलू क्षेत्र / Domestic territory. GDP measures production within the domestic territory of a country. Pay special attention to the term domestic territory in exams.
Step 3
Exam Tip
GDP देश के घरेलू क्षेत्र में हुए उत्पादन को मापता है। परीक्षा में domestic territory शब्द पर विशेष ध्यान दें।
A. अंतिम वस्तुएं और सेवाएं/Final goods and services
Step 1
Concept
GDP includes the value of final goods and services. Adding intermediate goods separately causes double counting in exams.
Step 2
Why this answer is correct
The correct answer is A. अंतिम वस्तुएं और सेवाएं / Final goods and services. GDP includes the value of final goods and services. Adding intermediate goods separately causes double counting in exams.
Step 3
Exam Tip
GDP में final goods and services का मूल्य लिया जाता है। परीक्षा में intermediate goods को अलग जोड़ने से double counting होती है।
A. देश की आर्थिक सीमा के भीतर उत्पादन/Production within the economic territory of the country
Step 1
Concept
Domestic means production within economic territory. In exams keep domestic and national concepts separate.
Step 2
Why this answer is correct
The correct answer is A. देश की आर्थिक सीमा के भीतर उत्पादन / Production within the economic territory of the country. Domestic means production within economic territory. In exams keep domestic and national concepts separate.
Step 3
Exam Tip
Domestic का अर्थ economic territory के भीतर उत्पादन है। परीक्षा में domestic और national concepts को अलग रखें।
GDP is a gross measure because depreciation is not deducted. In exams understand gross as value before depreciation.
Step 2
Why this answer is correct
The correct answer is A. सकल माप / Gross measure. GDP is a gross measure because depreciation is not deducted. In exams understand gross as value before depreciation.
Step 3
Exam Tip
GDP सकल माप है क्योंकि इसमें depreciation घटाया नहीं जाता। परीक्षा में gross का अर्थ depreciation से पहले की value समझें।
The difference between GDP and NDP is depreciation. In exams subtract depreciation to move from gross to net.
Step 2
Why this answer is correct
The correct answer is A. मूल्यह्रास / Depreciation. The difference between GDP and NDP is depreciation. In exams subtract depreciation to move from gross to net.
Step 3
Exam Tip
GDP और NDP का अंतर depreciation होता है। परीक्षा में gross से net जाने के लिए depreciation घटाएं।
A. GDP से मूल्यह्रास घटाना/Subtract depreciation from GDP
Step 1
Concept
NDP (= GDP - Depreciation). In exams subtract depreciation from GDP to get net domestic product.
Step 2
Why this answer is correct
The correct answer is A. GDP से मूल्यह्रास घटाना / Subtract depreciation from GDP. NDP (= GDP - Depreciation). In exams subtract depreciation from GDP to get net domestic product.
Step 3
Exam Tip
NDP (= GDP - Depreciation) होता है। परीक्षा में GDP से net domestic product पाने के लिए depreciation घटाएं।
A. विदेश से शुद्ध साधन आय/Net factor income from abroad
Step 1
Concept
GDP is a domestic concept and GNP is a national concept, so the difference comes from NFIA. Add NFIA in domestic-national conversion.
Step 2
Why this answer is correct
The correct answer is A. विदेश से शुद्ध साधन आय / Net factor income from abroad. GDP is a domestic concept and GNP is a national concept, so the difference comes from NFIA. Add NFIA in domestic-national conversion.
Step 3
Exam Tip
GDP domestic concept है और GNP national concept है, इसलिए अंतर NFIA से आता है। परीक्षा में domestic-national conversion में NFIA जोड़ें।
Adding negative NFIA reduces GNP. In exams treat a negative sign like subtraction.
Step 2
Why this answer is correct
The correct answer is A. GNP GDP से कम होगा / GNP will be less than GDP. Adding negative NFIA reduces GNP. In exams treat a negative sign like subtraction.
Step 3
Exam Tip
ऋणात्मक NFIA जोड़ने पर GNP कम हो जाता है। परीक्षा में negative sign को subtraction जैसा समझें।
A. अप्रत्यक्ष कर और सब्सिडी/Indirect taxes and subsidies
Step 1
Concept
Market price includes the effect of indirect taxes and subsidies. Link the difference between MP and FC with NIT.
Step 2
Why this answer is correct
The correct answer is A. अप्रत्यक्ष कर और सब्सिडी / Indirect taxes and subsidies. Market price includes the effect of indirect taxes and subsidies. Link the difference between MP and FC with NIT.
Step 3
Exam Tip
Market price में indirect taxes और subsidies का प्रभाव शामिल होता है। परीक्षा में MP और FC के अंतर को NIT से जोड़ें।
A. साधन लागत पर सकल घरेलू उत्पाद/Gross Domestic Product at factor cost
Step 1
Concept
GDPFC means gross domestic product at factor cost. Remember FC by linking it with factor payments.
Step 2
Why this answer is correct
The correct answer is A. साधन लागत पर सकल घरेलू उत्पाद / Gross Domestic Product at factor cost. GDPFC means gross domestic product at factor cost. Remember FC by linking it with factor payments.
Step 3
Exam Tip
GDPFC का अर्थ factor cost पर gross domestic product है। परीक्षा में FC को factor payments से जोड़कर याद रखें।
GDPFC (= GDPMP - NIT). In exams subtract NIT when moving from market price to factor cost.
Step 2
Why this answer is correct
The correct answer is A. शुद्ध अप्रत्यक्ष कर / Net indirect taxes. GDPFC (= GDPMP - NIT). In exams subtract NIT when moving from market price to factor cost.
Step 3
Exam Tip
GDPFC (= GDPMP - NIT) होता है। परीक्षा में market price से factor cost जाते समय NIT घटाएं।
GDP generally measures production during one accounting year. Treat income aggregates as period-based flows in exams.
Step 2
Why this answer is correct
The correct answer is A. एक लेखा वर्ष / One accounting year. GDP generally measures production during one accounting year. Treat income aggregates as period-based flows in exams.
Step 3
Exam Tip
GDP सामान्यतः एक लेखा वर्ष में हुए उत्पादन को मापता है। परीक्षा में income aggregates को period based flow समझें।
A. क्योंकि वह चालू वर्ष का उत्पादन नहीं है/Because it is not current year production
Step 1
Concept
Old goods were already counted when produced earlier. Do not include the full value of second-hand goods in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि वह चालू वर्ष का उत्पादन नहीं है / Because it is not current year production. Old goods were already counted when produced earlier. Do not include the full value of second-hand goods in exams.
Step 3
Exam Tip
पुराने सामान का उत्पादन पहले ही गिना जा चुका होता है। परीक्षा में second-hand goods की full value include न करें।
A. क्योंकि यह चालू वर्ष की सेवा है/Because it is current year service
Step 1
Concept
Broker commission is service income of the current year. Understand the difference between old good value and service charge.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह चालू वर्ष की सेवा है / Because it is current year service. Broker commission is service income of the current year. Understand the difference between old good value and service charge.
Step 3
Exam Tip
Broker commission वर्तमान वर्ष की सेवा आय है। परीक्षा में old good value और service charge का अंतर समझें।
A. दोहरे गणना से बचने के लिए/To avoid double counting
Step 1
Concept
Intermediate goods are included in the value of final goods. Take final goods to avoid double counting in exams.
Step 2
Why this answer is correct
The correct answer is A. दोहरे गणना से बचने के लिए / To avoid double counting. Intermediate goods are included in the value of final goods. Take final goods to avoid double counting in exams.
Step 3
Exam Tip
Intermediate goods final goods के मूल्य में शामिल होती हैं। परीक्षा में double counting से बचने के लिए final goods लें।
A. भुगतान वाली डॉक्टर consultation/Paid doctor consultation
Step 1
Concept
Paid doctor consultation is a current productive service, so it is included in GDP. Include paid market services in exams.
Step 2
Why this answer is correct
The correct answer is A. भुगतान वाली डॉक्टर consultation / Paid doctor consultation. Paid doctor consultation is a current productive service, so it is included in GDP. Include paid market services in exams.
Step 3
Exam Tip
Paid doctor consultation वर्तमान उत्पादक सेवा है इसलिए GDP में शामिल होगी। परीक्षा में paid market services को include करें।
A. क्योंकि उसका market valuation कठिन है/Because its market valuation is difficult
Step 1
Concept
Reliable market value of unpaid household services is difficult to determine. Keep non-market personal services separate in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि उसका market valuation कठिन है / Because its market valuation is difficult. Reliable market value of unpaid household services is difficult to determine. Keep non-market personal services separate in exams.
Step 3
Exam Tip
Unpaid household services का reliable market value तय करना कठिन होता है। परीक्षा में non-market personal services को अलग रखें।
A. क्योंकि इनके बदले current production नहीं होता/Because there is no current production in return
Step 1
Concept
No current productive service is received in return for transfer payments. Keep pension and scholarship separate from factor income.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि इनके बदले current production नहीं होता / Because there is no current production in return. No current productive service is received in return for transfer payments. Keep pension and scholarship separate from factor income.
Step 3
Exam Tip
Transfer payments के बदले कोई वर्तमान उत्पादक सेवा नहीं मिलती। परीक्षा में pension और scholarship को factor income से अलग रखें।
Scholarship is a transfer payment because no productive service is received in return. Treat wages rent and profit as factor income.
Step 2
Why this answer is correct
The correct answer is A. छात्रवृत्ति / Scholarship. Scholarship is a transfer payment because no productive service is received in return. Treat wages rent and profit as factor income.
Step 3
Exam Tip
Scholarship transfer payment है क्योंकि इसके बदले productive service नहीं मिलती। परीक्षा में wages rent profit को factor income समझें।
A. क्योंकि यह उत्पादन सेवा का भुगतान है/Because it is payment for productive service
Step 1
Concept
Wages are the reward for productive service of labour. Identify factor payments under income method in exams.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह उत्पादन सेवा का भुगतान है / Because it is payment for productive service. Wages are the reward for productive service of labour. Identify factor payments under income method in exams.
Step 3
Exam Tip
मजदूरी श्रम की productive service का reward है। परीक्षा में factor payments को income method में पहचानें।
In expenditure method consumption, investment, government expenditure and net exports are added. In exams understand (X-M) as net exports.
Step 2
Why this answer is correct
The correct answer is A. (GDP = C + I + G + (X-M)). In expenditure method consumption, investment, government expenditure and net exports are added. In exams understand (X-M) as net exports.
Step 3
Exam Tip
Expenditure method में consumption, investment, government expenditure और net exports जोड़े जाते हैं। परीक्षा में (X-M) को net exports समझें।
A. निजी अंतिम उपभोग व्यय/Private final consumption expenditure
Step 1
Concept
(C) denotes private final consumption expenditure. Link household consumption with (C) in exams.
Step 2
Why this answer is correct
The correct answer is A. निजी अंतिम उपभोग व्यय / Private final consumption expenditure. (C) denotes private final consumption expenditure. Link household consumption with (C) in exams.
Step 3
Exam Tip
(C) private final consumption expenditure को दर्शाता है। परीक्षा में household consumption को (C) से जोड़ें।
A. सरकारी अंतिम उपभोग व्यय/Government final consumption expenditure
Step 1
Concept
(G) denotes government final consumption expenditure. Link government purchases and services with (G) in exams.
Step 2
Why this answer is correct
The correct answer is A. सरकारी अंतिम उपभोग व्यय / Government final consumption expenditure. (G) denotes government final consumption expenditure. Link government purchases and services with (G) in exams.
Step 3
Exam Tip
(G) government final consumption expenditure को दर्शाता है। परीक्षा में सरकारी खरीद और सेवाओं को (G) से जोड़ें।
(X-M) means exports minus imports, or net exports. Remember that imports are subtracted in exams.
Step 2
Why this answer is correct
The correct answer is A. शुद्ध निर्यात / Net exports. (X-M) means exports minus imports, or net exports. Remember that imports are subtracted in exams.
Step 3
Exam Tip
(X-M) exports minus imports यानी net exports है। परीक्षा में imports को घटाया जाता है यह याद रखें।
A. हां, क्योंकि यह domestic territory में हुआ/Yes because it occurred in domestic territory
Step 1
Concept
GDP includes production within domestic territory. In exams focus on location, not ownership.
Step 2
Why this answer is correct
The correct answer is A. हां, क्योंकि यह domestic territory में हुआ / Yes because it occurred in domestic territory. GDP includes production within domestic territory. In exams focus on location, not ownership.
Step 3
Exam Tip
GDP domestic territory में हुए production को शामिल करता है। परीक्षा में ownership नहीं, location पर ध्यान दें।
A. क्योंकि GDP domestic territory पर आधारित है/Because GDP is based on domestic territory
Step 1
Concept
GDP takes production within the country's economic territory. In exams see income from abroad under NFIA.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि GDP domestic territory पर आधारित है / Because GDP is based on domestic territory. GDP takes production within the country's economic territory. In exams see income from abroad under NFIA.
Step 3
Exam Tip
GDP में देश की economic territory के भीतर production लिया जाता है। परीक्षा में विदेश से आय को NFIA में देखें।
A. घरेलू उत्पादन का आकार/Size of domestic production
Step 1
Concept
GDP shows the size of domestic output of an economy. Do not treat GDP as a complete measure of welfare in exams.
Step 2
Why this answer is correct
The correct answer is A. घरेलू उत्पादन का आकार / Size of domestic production. GDP shows the size of domestic output of an economy. Do not treat GDP as a complete measure of welfare in exams.
Step 3
Exam Tip
GDP economy के domestic output size को दिखाता है। परीक्षा में GDP को welfare का complete measure न मानें।
A. क्योंकि यह distribution और non-market factors पूरी तरह नहीं दिखाता/Because it does not fully show distribution and non-market factors
Step 1
Concept
GDP shows output but not all aspects of welfare. Remember limitations in welfare questions.
Step 2
Why this answer is correct
The correct answer is A. क्योंकि यह distribution और non-market factors पूरी तरह नहीं दिखाता / Because it does not fully show distribution and non-market factors. GDP shows output but not all aspects of welfare. Remember limitations in welfare questions.
Step 3
Exam Tip
GDP output बताता है पर welfare के सभी पहलू नहीं दिखाता। परीक्षा में welfare questions में limitations याद रखें।
A. नहीं, GDP gross measure है/No, GDP is a gross measure
Step 1
Concept
Depreciation is not deducted in GDP. In exams deducting depreciation gives NDP.
Step 2
Why this answer is correct
The correct answer is A. नहीं, GDP gross measure है / No, GDP is a gross measure. Depreciation is not deducted in GDP. In exams deducting depreciation gives NDP.
Step 3
Exam Tip
GDP में depreciation घटाया नहीं जाता। परीक्षा में depreciation घटाने पर NDP मिलता है।
A. वर्तमान वर्ष की कीमतों पर/At current year prices
Step 1
Concept
Current price GDP is measured at current year prices. Understand the difference between current and constant prices in exams.
Step 2
Why this answer is correct
The correct answer is A. वर्तमान वर्ष की कीमतों पर / At current year prices. Current price GDP is measured at current year prices. Understand the difference between current and constant prices in exams.
Step 3
Exam Tip
Current price GDP वर्तमान वर्ष की prices पर मापा जाता है। परीक्षा में current और constant prices का अंतर समझें।
Constant price GDP is measured at base year prices. Link real GDP with constant prices in exams.
Step 2
Why this answer is correct
The correct answer is A. आधार वर्ष की कीमतों पर / At base year prices. Constant price GDP is measured at base year prices. Link real GDP with constant prices in exams.
Step 3
Exam Tip
Constant price GDP base year prices पर मापा जाता है। परीक्षा में real GDP को constant prices से जोड़ें।
Nominal GDP is GDP measured at current prices. In exams connect nominal with current price.
Step 2
Why this answer is correct
The correct answer is A. Current prices पर GDP / GDP at current prices. Nominal GDP is GDP measured at current prices. In exams connect nominal with current price.
Step 3
Exam Tip
Nominal GDP current prices पर measured GDP है। परीक्षा में nominal को current price से जोड़ें।
Real GDP is GDP measured at constant prices. Remember real with base year prices in exams.
Step 2
Why this answer is correct
The correct answer is A. Constant prices पर GDP / GDP at constant prices. Real GDP is GDP measured at constant prices. Remember real with base year prices in exams.
Step 3
Exam Tip
Real GDP constant prices पर measured GDP है। परीक्षा में real को base year prices से जोड़कर याद रखें।
A. Nominal GDP और Real GDP/Nominal GDP and Real GDP
Step 1
Concept
GDP deflator shows price level through the relation of nominal and real GDP. Treat it like a price index in exams.
Step 2
Why this answer is correct
The correct answer is A. Nominal GDP और Real GDP / Nominal GDP and Real GDP. GDP deflator shows price level through the relation of nominal and real GDP. Treat it like a price index in exams.
Step 3
Exam Tip
GDP deflator nominal और real GDP के संबंध से price level बताता है। परीक्षा में इसे price index की तरह समझें।
A. \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\)
Step 1
Concept
GDP deflator divides nominal GDP by real GDP and multiplies by 100. Keep nominal GDP in the numerator in exams.
Step 2
Why this answer is correct
The correct answer is A. \(GDP\ Deflator=\frac{Nominal\ GDP}{Real\ GDP}\times100\). GDP deflator divides nominal GDP by real GDP and multiplies by 100. Keep nominal GDP in the numerator in exams.
Step 3
Exam Tip
GDP deflator nominal GDP को real GDP से divide करके 100 से multiply करता है। परीक्षा में numerator में nominal GDP रखें।
A. वास्तविक उत्पादन में वृद्धि/Increase in real output
Step 1
Concept
Real GDP shows output change after removing price changes. Link real growth with production growth in exams.
Step 2
Why this answer is correct
The correct answer is A. वास्तविक उत्पादन में वृद्धि / Increase in real output. Real GDP shows output change after removing price changes. Link real growth with production growth in exams.
Step 3
Exam Tip
Real GDP price changes हटाकर output change दिखाती है। परीक्षा में real growth को production growth से जोड़ें।
A. यह domestic territory में final goods and services का gross value है/It is the gross value of final goods and services in domestic territory
Step 1
Concept
GDP is a gross domestic measure of final output. Remember the three keywords domestic, gross and final goods in exams.
Step 2
Why this answer is correct
The correct answer is A. यह domestic territory में final goods and services का gross value है / It is the gross value of final goods and services in domestic territory. GDP is a gross domestic measure of final output. Remember the three keywords domestic, gross and final goods in exams.
Step 3
Exam Tip
GDP final output का gross domestic measure है। परीक्षा में domestic, gross और final goods तीनों keywords याद रखें।
